Retail Opportunity Investments Corp. (NASDAQ:ROIC) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc grew its stake in Retail Opportunity Investments Corp. (NASDAQ:ROIC) by 117.8% during the fourth quarter, HoldingsChannel reports. The firm owned 3,572 shares of the real estate investment trust’s stock after purchasing an additional 1,932 shares during the quarter. Versant Capital Management Inc’s holdings in Retail Opportunity Investments were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of Retail Opportunity Investments by 1,473.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,872 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 1,753 shares during the period. Principal Financial Group Inc. raised its holdings in Retail Opportunity Investments by 1.3% during the third quarter. Principal Financial Group Inc. now owns 6,107,593 shares of the real estate investment trust’s stock worth $96,072,000 after purchasing an additional 75,803 shares in the last quarter. Federated Hermes Inc. lifted its position in Retail Opportunity Investments by 2.9% in the second quarter. Federated Hermes Inc. now owns 4,557,646 shares of the real estate investment trust’s stock valued at $56,652,000 after purchasing an additional 127,799 shares during the period. Citigroup Inc. boosted its holdings in Retail Opportunity Investments by 73.9% in the 3rd quarter. Citigroup Inc. now owns 238,315 shares of the real estate investment trust’s stock valued at $3,749,000 after purchasing an additional 101,275 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Retail Opportunity Investments by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,347,118 shares of the real estate investment trust’s stock worth $36,920,000 after purchasing an additional 85,037 shares during the period. Hedge funds and other institutional investors own 97.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ROIC shares. BMO Capital Markets raised their price target on Retail Opportunity Investments from $17.00 to $17.50 and gave the company a “market perform” rating in a report on Friday, November 8th. Baird R W downgraded Retail Opportunity Investments from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America assumed coverage on shares of Retail Opportunity Investments in a research note on Thursday, October 24th. They set an “underperform” rating and a $14.00 price target on the stock. Robert W. Baird reiterated a “neutral” rating and issued a $17.50 price objective (up previously from $16.00) on shares of Retail Opportunity Investments in a research note on Thursday, November 7th. Finally, Raymond James cut shares of Retail Opportunity Investments from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.20.

Retail Opportunity Investments Stock Up 0.1 %

ROIC opened at $17.38 on Monday. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.24 billion, a P/E ratio of 37.78 and a beta of 1.46. The business’s fifty day simple moving average is $17.18 and its 200 day simple moving average is $15.51. Retail Opportunity Investments Corp. has a 52 week low of $11.87 and a 52 week high of $17.52.

Retail Opportunity Investments (NASDAQ:ROIC) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). Retail Opportunity Investments had a return on equity of 4.32% and a net margin of 17.38%. The business had revenue of $83.50 million during the quarter, compared to analyst estimates of $82.13 million. During the same period in the previous year, the company earned $0.27 EPS. Retail Opportunity Investments’s revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that Retail Opportunity Investments Corp. will post 1.04 EPS for the current fiscal year.

Retail Opportunity Investments Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, December 20th. Retail Opportunity Investments’s dividend payout ratio is currently 130.43%.

Retail Opportunity Investments Profile

Retail Opportunity Investments Corp. (Nasdaq: ROIC), is a fully integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely populated, metropolitan markets across the West Coast. As of December 31, 2023, ROIC owned 94 shopping centers encompassing approximately 10.6 million square feet.